The Correlation between Minimum Wage and Shadow Economies in Africa

Sep 19, 2017
Scatter plot of shadow economies and GDP

In Africa, the inverse correlation between the strength of the shadow economy and the minimum wage is very weak.  There is no real relationship between the strength of the shadow economy and minimum wage.

The Correlation between Minimum Wage and Shadow Economies in Asia

Sep 18, 2017
Scatter plot of shadow economies and GDP

In Asia, the inverse correlation between the strength of the shadow economy and the minimum wage is very weak.  There is no real relationship between the strength of the shadow economy and minimum wage.

The Correlation between Minimum Wage and Shadow Economies in Europe

Sep 15, 2017
Scatter plot of shadow economies and GDP

In Europe, the inverse correlation between the strength of the shadow economy and the minimum wage is very strong.  As the shadow economy weakens, the minimum wage tends to be higher.

The Correlation between Minimum Wage and Shadow Economies in South America

Sep 14, 2017
Scatter plot of shadow economies and GDP

In South America, the inverse correlation between the strength of the shadow economy and the minimum wage is pretty weak.  There is no real relationship between the strength of the shadow economy and minimum wage.

The Correlation between Minimum Wage and Shadow Economies in North America

Sep 13, 2017
Scatter plot of shadow economies and GDP

In North America, the inverse correlation between the strength of the shadow economy and the minimum wage is somewhat strong.  As the proportion of the shadow economy decreases, the minimum wage tends to go up.

The Correlation between Minimum Wage and Economic Strength Worldwide

Sep 12, 2017
Scatter plot of shadow economies and GDP

Worldwide, the correlation between economic strength and the minimum wage is pretty strong.  Most countries have low minimum wages and a small per capita GDP PPP.

The Correlation between Minimum Wage and Economic Strength in Oceania

Sep 9, 2017
Scatter plot of shadow economies and GDP

In Oceania, the correlation between economic strength and the minimum wage is extremely strong.  As far as these metrics go, there's New Zealand and Australia, and then there's everyone else.

The Correlation between Minimum Wage and Economic Strength in Africa

Sep 8, 2017
Scatter plot of shadow economies and GDP

In Africa, the correlation between economic strength and the minimum wage is pretty weak.  The majority of nations on the continent have a per capita GDP PPP below 10,000 international dollars and a minimum wage below 4,000 international dollars.

The Correlation between Minimum Wage and Economic Strength in Asia

Sep 7, 2017
Scatter plot of shadow economies and GDP

In Asia, the correlation between economic strength and the minimum wage is somewhat strong.  The majority of nations on the continent have a per capita GDP PPP below 30,000 international dollars and a minimum wage below 10,000 international dollars.  The only countries that surpass both of these numbers are Kuwait, Oman, Japan, South Korea, Israel, and Turkey.

The Correlation between Minimum Wage and Economic Strength in Europe

Sep 6, 2017
Scatter plot of shadow economies and GDP

In Europe, the correlation between economic strength and the minimum wage is pretty strong.  Just like with the shadow economy data, minimum wage tends to be similar to geographically proximate countries.


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